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Tax Court Allows Long String Of Horse Losses

Photo credit Midge Ames. Originally published on Forbes.com. A long string of losses in a horse-related business may well attract IRS attention. Don’t despair. If you take the right steps you have a good chance of winning in Tax Court. Reilly’s Eighteenth Law of Tax...
Tax Planning For The High Salary Pauper

Tax Planning For The High Salary Pauper

One of the greatest confusions in discussions of inequality is that between income and wealth. This struck me recently when somebody with a very high W-2 (low seven figures) asked me what sort of things they could do to manage the income tax that, federal and state...
Santa Forever

Santa Forever

Evie and I met some pretty interesting people in our tour of the country.  But we really topped it off near the end of our Western leg.  We were staying at the Soledad Canyon RV Park in Acton, CA one night before parking the RV in their storage area for a couple of...
Major Crackdown On Conservation Easements Or IRS Bluff?

Major Crackdown On Conservation Easements Or IRS Bluff?

Originally published on Forbes.com. The IRS wants us to know that it is getting really serious about abuse in the area of the syndication of conservation easements. IR-2019-182 issued on November 12 tells us: “The Internal Revenue Service announced today a significant...